High inflation in the Russian Federation in 2021 led to a decrease in pensions in the Russian Federation in real terms (adjusted for inflation). In February 2021, pensions decreased by 0.1% year on year, in March – by 0.2%, in April – by 0.1%, in May – by 0.5%, in June by 1.0%, in July – by 0.9%, follows from published on Wednesday Rosstat data.
In January 2021, the real size of the average pension was still showing an increase – by 0.4% compared to January 2020.
In all months of 2020, pensions also grew in real terms, but there was a pronounced decline in growth rates – from 3.2% in January 2020 (compared to January 2019) to 0.8% in December 2020 (compared to from December 2019). In general, in 2020, the real size of the average pension increased by 2.3% compared to 2019.
In nominal terms, the average pension in the Russian Federation in July 2021 amounted to 15 802 rubles and increased by 5.5% compared to July 2020. As reported, the annual inflation in the Russian Federation in July 2021 amounted to 6.5%.
The average size of assigned pensions in June 2021 (there is no data on salary dynamics for July) amounted to 26.9% of the average accrued salary in the country against 28.7% in June 2020, transfers Interfax.